The Offshore Oil Business Is Crippled And It May Never Recover
How badly do oil producers want to transition out of the deepwater and focus on shale? And guess what that means for the global oil price?
Exxon Mobil (NYSE:XOM) just paid Seadrill (NYSE:SDRL) $125 million in cash to get out of its commitment to...
Psychological fears of an oil glut are have caused oil prices to drop from $55-$48. But there is some fundamental economic factors that suggest this price drop will be short lived.
So far in 2017, U.S. crude oil inventories have increased 49.38 million barrels to 528.39 million barrels as the...
I want to tell you about a new development in fracking that’s getting some press down in the US. This is actually pretty simple, but if I’m correct in interpreting this, it would be quite important in the global oil patch.
From what I can tell, EOG Resources is increasing...
I have been actively buying and selling in the portfolio last week, and informing subscribers of new investment ideas has kept me away from the blog more than usual. But a chart I follow caught my attention this weekend and I think it could help investors determine the next...
By Bill Powers
Which natural gas producers will make it through this winter of low prices? I’ll tell you one that I think will survive….but first I’ll tell you one today that probably will not.
Natural gas prices on the NYMEX dipped below $2/mmBTU in December 2015 for just the second...
Everyone knows that Iraq is an important oil producing country. But Iraq is more than just important, it is critical.
Iraq is so important that in October of 2012 the International Energy Agency (IEA) released a report called “World Energy Special Outlook On Iraq”.
In that report the IEA concluded that in 2035 oil prices would be...
The oil market is greatly underestimating what has just happened.
The Green Light for oil profits was turned on yesterday by US President Trump. I’m going to take advantage of it…. will you?
Back during his Presidential campaign, Donald Trump repeatedly referred to the 2015 Iran Nuclear Deal (The Joint Comprehensive...
I don’t think I’ve read a more unbelievable statistic.
Can Bloomberg really only use FOUR people to generate one of the most watched oil estimates in the world—a number that moves billions of dollars each week?
A report from Canadian brokerage firm RBC Dominion two weeks ago suggests that that is...